China Overseas Ports Holding Company chairman Zhang Bao Zhong has said that Gwadar possesses immense strategic lure and could emerge as the key shipping point.
He was addressing during the signing of MoU between North South Transport Network (NSTN) Private Limited Pakistan and Gwadar International Terminal Limited (GITL) at the PCJCCI premises.
The agreement has been signed in order to complement and fortify the common interests and objectives amongst the parties with respect to cooperation in the development of the Gwadar port, Dawn reports.
Gwadar, being an international city, would emerge as a financial center and trading pivot of the region, which will definitely attract talented residents from Pakistan.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app